0001209191-19-050692.txt : 20190925 0001209191-19-050692.hdr.sgml : 20190925 20190925161707 ACCESSION NUMBER: 0001209191-19-050692 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190924 FILED AS OF DATE: 20190925 DATE AS OF CHANGE: 20190925 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ayers Jeffrey David CENTRAL INDEX KEY: 0001316824 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 191114398 MAIL ADDRESS: STREET 1: CAREER EDUCATION CORPORATION STREET 2: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CAREER EDUCATION CORP CENTRAL INDEX KEY: 0001046568 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 363932190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 8477813600 MAIL ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-09-24 0 0001046568 CAREER EDUCATION CORP CECO 0001316824 Ayers Jeffrey David CAREER EDUCATION CORPORATION 231 N. MARTINGALE ROAD SCHAUMBURG IL 60173 0 1 0 0 SVP, General Counsel Common Stock 2019-09-24 4 M 0 7388 5.90 A 207163 D Common Stock 2019-09-24 4 S 0 7388 17.00 D 199775 D Non-Qualified Option (right to buy) 5.90 2019-09-24 4 M 0 7388 0.00 D 2025-03-06 Common Stock 7388 19408 D The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2019. This transaction was executed in multiple trades at prices ranging from $17.00 to $17.02. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. Includes 150,897 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock. On March 6, 2015 the Reporting Person was granted 43,980 non-qualified stock options. The option grant vested in four installments on March 14, 2016, 2017, 2018 and 2019. Jeffrey D. Ayers by POA: Michele R. Chaffee 2019-09-25